About Swipe
Swipe is a company based in Hyderabad (India) founded in 2021 by Aditya Vemuganti and Sri Teja Allaparthi. It operates as a SaaS (Software-as-a-Service), and Freemium. Swipe has raised $2.04 million across 3 funding rounds from investors including Riidl, Y Combinator and Global Founders Capital. Swipe offers products and services including Swipe GST Billing Software, Swipe POS Billing, and Swipe Inventory Management. Swipe operates in a competitive market with competitors including Billtrust, Paymentus, SumUp, Vyapar and PayStand, among others.
- Headquarter Hyderabad, India
- Founders Aditya Vemuganti, Sri Teja Allaparthi
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Nextspeed Technologies
- Date of Incorporation 23 Jun, 2021
- Jurisdiction Seri Lingampally, Telangana, India
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Annual Revenue
$245.73 K (USD)240.46as on Mar 31, 2023
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Net Profit
$-198.35 K (USD)-527as on Mar 31, 2023
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EBITDA
$-268.46 K (USD)-300.3as on Mar 31, 2023
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Total Equity Funding
$2.04 M (USD)
in 3 rounds
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Latest Funding Round
$2 M (USD), Seed
Feb 11, 2022
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Investors
Riidl
& 9 more
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Employee Count
Employee Count
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Products & Services of Swipe
Swipe offers a comprehensive portfolio of products and services, including Swipe GST Billing Software, Swipe POS Billing, and Swipe Inventory Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
GST-compliant invoicing software is provided for businesses.
POS billing solution is offered for small businesses.
Inventory tracking software is designed for easy management.
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Funding Insights of Swipe
Swipe has successfully raised a total of $2.04M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $2.0M
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First Round
First Round
(23 Apr 2021)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Seed - Swipe | Valuation | Y Combinator | |
| Aug, 2021 | Amount | Seed - Swipe | Valuation |
investors |
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| Apr, 2021 | Amount | Seed - Swipe | Valuation | Riidl |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Swipe
Swipe has secured backing from 10 investors, including venture fund and angel investors. Prominent investors backing the company include Riidl, Y Combinator and Global Founders Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage startups
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Founded Year | Domain | Location | |
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Venture capital firm investing in multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Swipe
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Swipe
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Swipe Comparisons
Competitors of Swipe
Swipe operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Billtrust, Paymentus, SumUp, Vyapar and PayStand, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Invoice and payment management solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Comprehensive billing and payment solution provider
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| domain | founded_year | HQ Location |
Provider of mPOS solution and card reader for offline retailers
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| domain | founded_year | HQ Location |
Cloud-based invoicing and inventory tools for small businesses are provided.
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| domain | founded_year | HQ Location |
Payment processing for bitcoin, e-checks, and credit cards is facilitated.
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| domain | founded_year | HQ Location |
An app-based invoicing solution is provided for small businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Swipe
When was Swipe founded?
Swipe was founded in 2021.
Where is Swipe located?
Swipe is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of Swipe?
Aditya Vemuganti is the current CEO of Swipe. They have also founded this company.
Is Swipe a funded company?
Swipe is a funded company, having raised a total of $2.04M across 3 funding rounds to date. The company's 1st funding round was a Seed of $39.89K, raised on Apr 23, 2021.
What is the annual revenue of Swipe?
Annual revenue of Swipe is $245.73K as on Mar 31, 2023.
What does Swipe do?
Swipe is established as a provider of GST-compliant billing and invoicing software tailored for small and medium enterprises. Solutions are offered in sectors like retail, distribution, and services, focusing on simplifying invoicing, POS billing, and inventory management. Features such as customizable templates, payment tracking, and instant sharing via WhatsApp or email are included. Inventory tracking is streamlined with options for bulk uploads and real-time stock updates. Comprehensive reporting tools for sales, purchases, and expenses are also provided to support business operations.
Who are the top competitors of Swipe?
What products or services does Swipe offer?
Swipe offers Swipe GST Billing Software, Swipe POS Billing, and Swipe Inventory Management.
Who are Swipe's investors?
Swipe has 10 investors. Key investors include Riidl, Y Combinator, Global Founders Capital, Kunal Shah, and Duro Ventures.